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Bitget Wallet Review
As the digital asset class evolves, the average crypto user is constantly searching for a better way to buy, sell and store their coins.
Crypto users today are no longer satisfied with the inconvenience of having multiple wallets for the growing number of tokens in the DeFi space.
Centralization is also a problem as a single company managing many digital assets leaves many security loopholes. Simply put: a centralized digital wallet can be controlled, leading to the loss of funds.
Bitget Wallet is a digital wallet that aims to solve these problems by providing a decentralized, multi-chain solution for storing and using digital assets. With Bitget Wallet (formerly BitKeep), you only need a mnemonic phrase, and you can access more than 255,400 crypto tokens.
Moreover, Bitget Wallet goes even further to offer the world’s most intuitive DApp store, an NFT marketplace, and a complete DEX (decentralized exchange) capable of the most powerful swap features. Keep reading to learn more in our Bitget Wallet review.
Bitget Wallet Overview
- Completely decentralized multi-asset wallet
- Available in over 168 countries with 10+ million users
- Supports most major cryptocurrencies including ETH, SOL, AVAX
- Offers DeFi, NFT, crypto swaps and more
Bitget Wallet Pros & Cons
Pros
Decentralized wallet with numerous features including DeFi, NFTs and swaps
One of the most versatile wallets with support for 255,400 coins/assets including Ethereum, BNB, Polkadot and Solana.
Streamlined DEX that offers industry-leading asset swaps
Extra security features like DESM encryption
24/7 security team that constantly checks for risks and vulnerabilities
Cons
Relatively new project that isn’t as well known as some of its competitors
User interface could be improved
Bitget Wallet History
Bitget Wallet was founded in May 2018 by a team of blockchain enthusiasts to provide a better way to store and use digital assets.
The company has raised $15 million in funding from investors such as Dragonfly Capital, Danhua Capital, Peak Capital, and KuCoin ventures. Currently valued at $300 million, Bitget Wallet aims to serve a more global user base and become a leading Web3 gateway. As the company grew it transitioned to a remote office policy, which makes it a truly global company with no physical headquarters.
Bitget wallet’s primary product is a digital wallet that supports more than 255,400 assets. The wallet is available for both iOS and Android devices.
In addition to the digital wallet, Bitget Wallet offers a DApp store, an NFT marketplace, and a complete DEX. These features make Bitget one of the most comprehensive crypto platforms available today.
The company’s ultimate goal is to provide a one-stop shop for all things crypto, making it easy for anyone to buy, sell, trade, and use digital assets.
In line with its vision of “Faster Trading, Better Assets”, Bitget Wallet aims to revolutionize the wallet industry by providing a cutting-edge trading wallet platform that boasts a comprehensive product ecosystem that allows users to both manage and grow their assets in a secure manner.
Bitget Wallet has come a long way in a short period and is quickly becoming the go-to platform for all things crypto.
Is Bitget Suitable for Beginners?
Bitget is an excellent Web3 wallet for beginners because it offers a wide range of features and services that make it easy to get started with digital assets. First, the digital wallet makes storing and managing your investments easy. For instance, if you hold Bitcoin and a bunch of altcoins in the DeFi space, you don’t need to worry about getting a separate wallet for each one. Bitget Wallet will help you store over 255,400 coins/assets across the top chains, including Polygon, Binance Smart Chain, Ethereum, Avalanche and Arbitrum.
Second, the DApp browser provides easy access to a wide range of decentralized applications that run on the blockchain. This is a great way to explore all the different benefits of the growing DeFi sector.
Finally, the NFT marketplace and DEX make buying, selling, and trading digital assets easy. These features are perfect for any beginner wanting to get more involved in cryptocurrency trading.
What are Bitget Wallet's Best Features?
To say Bitget Wallet is full of features would be an understatement. The Bitget package includes a comprehensive digital wallet, an easy-to-use DApp store, an NFT marketplace and more. Each component of the Bitget Wallet is surprisingly robust and we particularly like the built-in DEX for low-fee swaps.
Here is a breakdown of what to expect:
Digital Wallet
The digital wallet is by far the most popular feature of Bitget Wallet. It currently serves over 10 million users across 168 countries. The wallet supports over 220,000 assets and is available for iOS and Android devices. This makes Bitget Wallet a solid DeFi wallet that is easy for beginners and experienced users.
DApp Store
The DApp store on Bitget Wallet is a great way to discover and use decentralized applications that run on the blockchain. The store currently has more than 20,000 DApps and supports Ethereum, Binance Smart Chain, Fantom, and Polygon. Compared to the competition, this makes Bitget Wallet one of the most comprehensive DApp stores available today.
NFT Marketplace
The NFT marketplace on Bitget Wallet offers a seamless way to buy, sell, and trade digital assets. The marketplace supports a unique search capability that aggregates NFTs across multiple chains and from multiple NFT marketplaces across the DeFi sector to make it easy to find the NFT you’re looking for. Plus, since the wallet supports numerous coins, you can buy and trade NFTs with any token or cryptocurrency.
Bitget Wallet Swap
If you are an avid DeFi trader, Bitget Wallet comes with an integrated swap feature that supports various tokens. Granted, Bitget Wallet may not be as popular as Uniswap, but with Bitget Wallet you get to swap tokens using InstantGas, and you can even go ahead and swap tokens without paying fees.
Boasting intelligent DEX aggregation across 100+ DEXs with the best-in-class liquidity, users can expect to enjoy the best prices available in the market. Simply put, Bitget Wallet’s swap feature on the Bitget Wallet DEX makes trading DeFi tokens simple, fast, and affordable.
OTC Features
BitKeep OTC epitomizes BitKeep’s unwavering commitment to delivering secure and convenient trading services to crypto enthusiasts worldwide. Integrated seamlessly within the user-friendly interface of BitKeep Wallet, BitKeep OTC enables users to effortlessly engage in OTC trading with unparalleled ease and serves as yet another valuable addition to BitKeep Wallet’s ever-expanding product ecosystem.
With diverse fiat options from 49 countries, users can purchase tokens such as USDT and USDC stablecoins using USD, EUR, JPY, KRW, VND, and more.
Unique DESM Encryption Algorithm
Bitget Wallet uses a unique DESM (Data Encryption Standard with Message Authentication) encryption algorithm that is more secure than traditional encryption methods. The algorithm uses a combination of mnemonic phrases that link back to your public and private keys to encrypt your data.
This means that only you have access to your data, and no one else can see it or tamper with it, but you don’t have to memorize the long string of characters typically associated with a private key. The DESM encryption algorithm is just one example of how Bitget Wallet goes above and beyond to protect your data.
Multi-Chain Support
Bitget Wallet supports numerous chains, including Polygon, Binance Smart Chain, Ethereum, Avalanche, Solana, Near, Bitcoin, TRON, and Fantom, to mention just a few. This makes it one of the most comprehensive digital wallets available today.
Bitget Wallet Funding Methods
Just as simple as it is to fund your MetaMask wallet with Ethereum, it is just as simple to fund your Bitget wallet with any of the hundreds of thousands of supported assets.
All you have to do is download your Bitget wallet. Then, click on the coin details you want to deposit into the wallet and copy that coin’s address. You can send the coin of choice to the Bitget wallet as a funding method.
After a few network confirmations, the coins will show up in your wallet, and you can start using them immediately.
Supported Cryptocurrencies and Chains
As mentioned, Bitget Wallet supports hundreds of thousands of thousands of assets across more than 90 chains, including the top 30 most popular chains. It also supports a staggering 255,400+ tokens. This is an area where Bitget Wallet is an industry leader with very few competitors when it comes to the overall number of supported chains. The app also supports over 20,000 DApps.
By supporting multiple chains and digital assets, Bitget Wallet has attracted nearly 10 million users worldwide and is constantly expanding its features and functionality to meet the needs of its growing user base.
Here’s a look at just a small handful of the blockchains supported by Bitget Wallet:
Bitget Wallet does not currently support Cardano (ADA), which is surprising considering the vast array of supported coins. In addition Bitcoin functionality is somewhat limited with no swaps or built-in buy/sell functions.
Supported Operating Systems
Bitget wallet is available for mobile devices running either Android or iOS. It’s a free download on either the App Store or the Google Play Store.
It’s also available for desktop computers through a browser extension available on Chrome-based browsers. The extension is also free.
Is Bitget Wallet Safe?
Yes, Bitget Wallet is safe to use as it is a non-custodial digital wallet which means only you can access your private keys. In addition, the platform uses state-of-the-art security measures such as a unique DESM algorithm to safeguard digital assets.
Your Bitget Wallet will remain safe even if your device is lost or otherwise compromised thanks to the use of a recovery phrase.
It’s also worth noting that Bitget Wallet uses open-source code so anyone can check the code and make sure everything is legit. So far Bitget Wallet has been an exemplary wallet for security.
You should keep in mind, however, that Bitget Wallet is a “hot” wallet and it’s important to only install it on devices that you trust 100% and are free of any malware.
Any Downsides to Bitget Wallet?
Bitget Wallet does not currently offer any method of selling coins into fiat currency. This is not exactly unusual for a wallet but considering the robust package that Bitget offers it’s somewhat surprising the company didn’t partner with an exchange or payment service to offer crypto selling services.
The only other issue with Bitget is that it’s currently missing Cardano (ADA). The wallet offers a very diverse selection of coins so it’s odd to see a top 10 coin missing from its portfolio. For the time being, ADA users will want to look elsewhere.
Bitget Wallet Frequently Asked Questions
Unlike popular non-custodial digital wallets such as Trust Wallet, MetaMask, or Exodus, Bitget Wallet supports multiple cryptocurrencies, not just Ethereum and a few other altcoins. You also get access to a DEX, an NFT marketplace, and a DApp store which is hard to come by in other digital wallets.
No, Bitget Wallet is a non-custodial digital wallet which means you are the only one with access to your private keys and no one else, not even the company itself.
No, but it does come with its own DEX, which allows you to buy, sell or trade cryptocurrencies and tokens.
As a fully decentralized platform, Bitget Wallet is available in nearly every country. As long as you have internet access, you can use Bitget Wallet.
No, you do not need to verify your identity to use Bitget Wallet.
No, Bitget Wallet has never had any security issues.
The best use case for Bitget Wallet is for users who want a digital wallet that supports multiple cryptocurrencies and provides access to a DEX, an NFT marketplace, and a DApp store.
No, you do not need to verify your identity to use Bitget Wallet.
With Bitget Wallet’s unique DESM encryption algorithm, coupled with strong partnerships with leading external smart contract audit firms and a $300 million Bitget Protection Fund, users can rest easy when it comes to their asset security.
